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Jakarta 2 years ago
PREMIUM
Debt trap: Millions of Jakartans owe trillions to online lending platforms
Jakarta is in the second spot among provinces with the greatest personal debt via online lending platforms, most of which are illegal and thus preventing growth in P2P lending, according to the country's top financial authority.
Business 4 years ago
Credit lender Kredivo to go public via $2.5 billion SPAC merger
FinAccel on Monday agreed to go public through a merger with a blank-check firm, valuing the parent of Indonesian buy now, pay later platform Kredivo at about US$2.5 billion, a further sign of consolidation in the fast-growing sector.
Business 4 years ago
IMF officially approves increased lending capacity
The board of governors of the International Monetary Fund on Monday greenlit increasing the institution's lending capacity by US$650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries.
